what is proceeds from a loan?

0 ⤊

what is proceeds from a loan?

2006-09-10 12:17:01 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

2 answers

It's the money you're borrowing.

2006-09-10 15:15:49 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

In Law, proceeds are whatever you get in return for the loan. It could be payments of interest and principal, or it could be money received when the loan is assigned to another party. I hope this helps with your homework :p

2006-09-10 12:27:29 · answer #2 · answered by Peter 3 · 0⤊ 1⤋